Mixed results in the U.S. after Fed interest rate decision. Trading, as usual on Fed day, was volatile. The U.S. now faces options expiry on Friday.
Dow Jones -0.68%. SP500 +0.08%. Nasdaq +0.39%. Mid Caps -0.63%. Small Caps -1.35%. Banks -1.83%.Breadth was weak with Mid Caps and Small Caps finishing well on the down side.
SP5500.
Today was a "spinner" - with a wide range. Coming at the top of the trend that's suggestive of a pull-back. CCI is showing a negative divergence - also suggestive of a pull-back.RSI at 72.4 is overbought.
Friday is options expiry which is likely to provide fireworks. Friday is setting up as a market moving day.
Commodities.
Commodities +0.22%. Energy -0.49% (with a bearish engulfing candle). Base Metals +1.43%. Agriculture +0.14%. Gold flat +0.06%.After 20 minutes of trading this morning, XJO is up about +0.3%.
Information Technology (XIJ), which was battered yesterday, is up more than +1%. Materials (XMJ) is also strong +0.6%. Health (XHJ) continues its slide from yesterday -2%.
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